In 2023, the jewellery turnover in Germany was 1.74 Billion Euros. The forecast figures for 2024 to 2028 suggest a consistent year-on-year growth in turnover. Specifically, the turnover is expected to rise to 1.78 Billion Euros in 2024, reaching 1.97 Billion Euros by 2028. Analyzing the year-on-year variation from 2024 onwards: 2.2% increase for 2025, 2.7% for 2026, 2.1% for 2027, and 2.6% for 2028. This denotes a steady upward trajectory.

The CAGR for the forecast period is approximately 2.5%, indicating moderate but consistent annual growth. This positive trend is reflective of a robust market, likely supported by rising consumer spending and increased demand for luxury items.

Future trends to watch for:

The impact of digital transformation and e-commerce on jewellery sales.
Shifts in consumer preferences towards sustainable and ethically sourced jewellery.
Emerging technologies like wearable tech and smart jewellery.